Monday: The December NY Empire State index, a regional reading on manufacturing, is expected to improve modestly to a reading of minus 27 from a reading of minus 25 in November. The two-day Federal Reserve policy meeting begins.
Tuesday: Goldman Sachs and Best Buy report earnings before the start of trade. Economic reports are due on housing and consumer inflation. The Federal Reserve's policy-setting meeting concludes, with a decision on interest rates due.
Wednesday: Morgan Stanley reports quarterly earnings before the start of trade.
Thursday: In the early morning, FexEx is expected to report quarterly earnings.
A pair of economic reports are due shortly after the start of trade. The Philadelphia Fed index, the Philly counterpart to Monday's New York manufacturing index, is expected to have dipped to negative 40 from negative 39.3 in the previous month.
The index of leading economic indicators (LEI) is expected to have decreased by 0.5% in November after dropping by 0.8% in the previous month.
After the close of trade, Oracle is expected to report earnings of 34 cents per share, up from 31 cents a share a year ago.
Friday: The December "triple witching" day, a quarterly event when stock options, equity index options and equity index futures are all expiring simultaneously.
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